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Is it worth it? Blaenavon, Wales

Blaenavon, Cwmduad, Carmarthenshire, £100,000-£120,000

What it is: Referred to by its Ordnance Survey grid reference (SM380328), rather than its postcode, this derelict former farmhouse is a 25-minute drive down winding lanes from the end of the M4 in Wales. The owners, who bought the site more than five years ago with grand intentions, have gained planning consent to restore the house back into a family home, but are selling up. Blaenavon, which is thought to date from the early 19th century, has permission to be extended to allow four bedrooms.

Set in a little less than five acres, the property is 1½ miles from the village of Cwmduad, six from Llandysul and seven from Newcastle Emlyn. It goes to auction on May 30 at 3pm at the Ivy Bush Hotel in Carmarthen, 11 miles away.

The problems:The only original features that remain are the walls and the door and window openings. "It needs